C000130523 Fees and Costs — First Investors Floating Rate Fund, Institutional Class
Data updated: 2019-12-13
The net expense ratio is 0.75%: a 0.60% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 60%.
C000130523 Fees and Expenses
Annual operating expenses and sales charges of C000130523. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000130523 Costs Over Time
On $10,000 invested in C000130523, assuming 5% a year before costs, total costs come to $471 over 5 years, cutting the return by 0.79% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $471 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000130523 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $570.7M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
C000130523 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch Capital Services, Inc. | $94.1M | 19.48% |
| Barclays Capital Inc. | $78.8M | 16.32% |
| J.P. Morgan Securities LLC | $55.9M | 11.58% |
| Credit Suisse Securities (USA) LLC | $49.0M | 10.14% |
| Goldman Sachs Bank USA | $42.0M | 8.70% |
| D.A. Davidson & Co. | $36.0M | 7.45% |
| INTL FCStone Financial Inc. | $35.0M | 7.24% |
| The Williams Capital Group, L.P | $35.0M | 7.24% |
| Morgan Stanley & Co. LLC | $31.5M | 6.52% |
| Jefferies LLC | $25.7M | 5.33% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.